The Tax Publishers2019 TaxPub(DT) 0278 (SC)

INCOME TAX ACT, 1961

Section 261 Section 263

Where the assessee preferred SLP to appeal against the judgment of Delhi High Court in Pr. CIT v. Braham Dev Gupta [ITA Nos. 907 & 1162/2017 & C.M. Appl. Nos. 38789 & 46234/2017, 20-7-2018] : 2018 TaxPub(DT) 4744 (Del-HC), whereby the High Court held that on the issue of purchases, lack of any factual foundation as to why, despite verification, only 37 out of 111 parties came forward, the expenses could be allowed, was absent, therefore, CIT was justified in holding assessment order to be erroneous and prejudicial to the interest of revenue the Supreme Court not finding any good ground to entertain the matter, dismissed the SLP.

Appeal (Supreme Court) - Special leave petition - Revision under section 263 - Erroneous and prejudicial order--Lack of enquiry

Assessee preferred SLP to appeal against the judgment of Delhi High Court in Pr. CIT v. Braham Dev Gupta [ITA Nos. 907 & 1162/2017 & C.M. Appl. Nos. 38789 & 46234/2017, 20-7-2018] : 2018 TaxPub(DT) 4744 (Del-HC), whereby the High Court held that on the issue or purchases, lack of any factual foundation as to why, despite verification, only 37 out of 111 parties came forward, the expenses could be allowed, was absent, therefore, CIT was justified in holding assessment order to be erroneous and prejudicial to the interest of revenue. Held: The Supreme Court not finding any good ground to entertain the matter, dismissed the SLP.

REFERRED :

FAVOUR : SLP dismissed.

A.Y. :



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